Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Saga Communications Inc (SGA)

27 + Investors. Track Smart Money conviction in SGA. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -1
Streak
1Q ▼
Buyers last Q
68%

Smart Money Signals — SGA

Based on 27 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their SGA positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🔻

Below peak — only 63% of 3.0Y high

63% of all-time peak
Only 27 funds hold SGA today versus a peak of 43 funds at 2023 Q4 — just 63% of the maximum. Low institutional ownership can mean the stock is out of favor, but it also means there's a large pool of potential buyers if sentiment turns.
📉

Outflows — 13% fewer funds vs a year ago

fund count last 6Q
4 fewer hedge funds hold SGA compared to a year ago (-13% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟢

More buyers than sellers — 68% buying

15 buying7 selling
Last quarter: 15 funds were net buyers (3 opened a brand new position + 12 added to an existing one). Only 7 were sellers (3 trimmed + 4 sold completely). A clear majority buying is a strong confirmation signal.
➡️

Steady new buyers — ~3 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 1 → 1 → 3 → 3. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

63% of holders stayed for 2+ years

■ 63% conviction (2yr+) ■ 15% medium ■ 22% new
17 out of 27 hedge funds have held SGA for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
➡️

Steady discovery — ~3 new funds/quarter

1 → 1 → 1 → 3 → 3 new funds/Q
New funds entering each quarter: 1 → 1 → 3 → 3. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 63% veterans vs 26% newcomers

■ 63% veterans ■ 11% 1-2yr ■ 26% new
Entry-cohort mix of 27 holders: 17 (63%) are 2+ year veterans, 3 entered 1–2 years ago, and 7 (26%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 15% AUM from top-100

15% from top-100 AUM funds
10 of 25 holders rank in the top 100 by AUM, but together hold only 15% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
1.7
out of 10
Low Exit Risk
Exit risk score 1.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — SGA

In 2026 Q1, 15 hedge funds were net buyers of SGA (3 opened a new position, 12 added to an existing one), while 7 reduced or exited (3 trimmed, 4 sold completely) — a 68% buyer ratio, indicating clear institutional accumulation. Net fund flow last quarter: -1 funds (more exits than new entries). Total institutional holders: 27.

Hedge Fund Ownership: SGA

How many hedge funds hold SGA — quarterly history vs. share price
Quarterly hedge fund ownership of SGA vs. share price

Market Analysis: SGA

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: SGA

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Saga Communications Inc (SGA) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much SGA has moved relative to its sector benchmark (XLC) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 83d ago
SGA
-26.3%
XLC
-1.3%

SGA outperformed XLC by -25.0% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 38d ago
SGA
-12.6%
XLC
-5.7%

Since the filing became public, SGA outperformed XLC by -6.9% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

5 top-rated funds 1 high-conviction
Consensus
3.4
/ 10
breadth
×
Elite
1.3
/ 10
conviction
Hedge Fund Positioning: SGA
27 + Investors

Track Smart Money conviction in SGA. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 27 28 -3.57%
13F Shares 3M 3M 0.65%
Total Value $40M $39M 2.98%
New Positions 3 3 -
Increased Positions 12 7 +5
Closed Positions 4 3 +1
Reduced Positions 3 11 -8
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: SGA

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Valuation Measures Data as of: --

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

27 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in SGA. Verified SEC 13F-HR filings.

QUARTER:
Top 22 SGA holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Towerview LLC 8.77% 1,161,144 $13.6M
2 Gate City Capital Management, LLC 3.93% 863,845 $10.1M
3 Peapod Lane Capital LLC 1.99% 206,552 $2.4M
4 Mork Capital Management, LLC 0.42% 50,000 $585K
5 Bridgeway Capital Management, LLC 0.02% 71,561 $837K
6 Empowered Funds, LLC 0.00% 35,972 $421K
7 Renaissance Technologies LLC 0.00% 106,444 $1.2M
8 IFS Advisors, LLC 0.00% 100 $1K
9 Vanguard Fiduciary Trust Co 0.00% 34,557 $404K
10 LPL Financial LLC 0.00% 23,125 $271K
11 Vanguard Capital Management LLC 0.00% 186,207 $2.2M
12 BlackRock, Inc. 0.00% 129,338 $1.5M
13 Goldman Sachs Group Inc 0.00% 12,238 $143K
14 Morgan Stanley 0.00% 9,641 $113K
15 Tower Research Capital LLC (TRC) 0.00% 15 —
16 Osaic Holdings, INC. 0.00% 210 $2K
17 Barclays plc 0.00% 1,129 $13K
18 SBI Securities Co., Ltd. 0.00% 5 —
19 Lloyd Advisory Services, LLC. 0.00% — —
20 Kingdom Financial Group LLC. 0.00% — —
21 UBS Group AG 0.00% 12 —
22 Citigroup Inc 0.00% 1 —
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Saga Communications Inc (SGA)

What does the Smart Money Trend signal show for SGA?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their SGA positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for SGA?

More buyers than sellers — 68% buying: Last quarter: 15 funds were net buyers (3 opened a brand new position + 12 added to an existing one). Only 7 were sellers (3 trimmed + 4 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for SGA holders?

Smaller funds dominant — 15% AUM from top-100: 10 of 25 holders rank in the top 100 by AUM, but together hold only 15% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held SGA?

63% of holders stayed for 2+ years: 17 out of 27 hedge funds have held SGA for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Saga Communications Inc (SGA) following the 2026 Q1 hedge fund 13F filings?

As of today, SGA has moved -12.6% since the 2026 Q1 13F filing date (May 15, 2026), compared to -5.7% for the XLC sector ETF — an outperformance of -6.9%. Since the quarter end (March 31, 2026), SGA has gained -26.3% vs -1.3% for XLC. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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